Empowering clubs to create the ultimate member experience
Private clubs operate in a unique business environment. Whether a country club, golf club, city club or other, a private club is challenged with providing members optimum quality and service while managing costs. Clubs must react to changes in government regulations, tax laws, operational advancements and member expectations.
These challenges require the attention of professional service providers who know the industry and deliver services tailored to the private club environment. With an understanding of membership models, food and beverage operations, golf course maintenance and more, an audit conducted by industry-focused professionals provides the insight needed to strengthen the member experience. From sales tax, gratuities, rental units and other areas of the club operations, our tax professionals indentify the issues impacting the tax position of private clubs and offer guidance and planning.
Our team offers additional insight into a number of areas of club operations including:
- Performance improvement
- Amenity pricing
- Turnover consulting
- Fraud and forensics
- IT security and controls
- Seminars for boards and management
- Construction contract audits
This 2014-15 report highlights operating and financial trends of over 200 clubs throughout Florida - the state with the highest concentration of private clubs.
Most Popular Insights
Final tangible property regulations contain rules and safe harbors that have an impact on how private clubs treat their tangible assets and repairs.
If effective prevention controls were in place, incidents of fraud at a member-owned club and a hotel may have been prevented.
Regardless of a club’s conflict of interest policy or decision-making framework, it is imperative for a board to have a clear, consistent route for resolving conflicts.
It stands to reason that, if clubs understand how fraud is committed, they will be better able to prevent and detect it.
This whitepaper considers several traditional financial ratios used by corporations and applies them to the private club environment.
How can we help you?
To discuss how our team can help your business, contact us by phone 800.966.0428 or
McGladrey Club World
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News and trends and insight from leaders in the industry, and practical advice on how to strengthen the member experience to make the financial wellbeing of your club a top priority.